5 Stocks for next week (28th Aug-1st Sep)

Stock

Aurobindo Pharma Ltd

Recommendation

The stock has given a breakout from a symmetrical triangle formation on the daily chart; the breakout has been backed by a surge in volumes. Positive crossover on the MACD further accentuates our bullish view on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

728-732

777

695

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

524804

AUROPHARMA

42,921

895/504

687

Stock

 Bajaj Finserv

Recommendation

The stock has given a breakout from its sideways consolidation of the past three weeks; the stock is currently trading at its all time high and is in a higher top higher bottom chart structure. We expect the uptrend to continue.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

5490-5510

5900

5210

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

532978 

BAJAJFINSV 

                87,582

                5523-2515

4019

Stock

Bharat Electronics

Recommendation

The stock has managed to give a flag pattern breakout on the daily chart. Volumes have also supported the price outburst, which affirms our positive stance on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

186-188

198

180

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500049

BEL

41,947

189/118

161

Stock

Gruh Finance

Recommendation

The stock has form a bullish engulfing pattern on the daily chart. Also, it has managed to give a breakout on the weekly chart. A closing at its all time high further accentuates our positive view on the stock.

Buy/Sell

Range

Target

Stop Loss

Sell Aug Futures

508-512

546

486

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

511288

GRUH

18,681

515/270

403

Stock

Bosch  Ltd

Recommendation

The stock has shown weakness over the past few trading session. The stock has also given a breakdown from the descending triangle formation on the daily chart and is currently trading below its 200-EMA.                  

Buy/Sell

Range

Target

Stop Loss

Sell(Aug Futures)

21740-21770

20880

22490

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500530

BOSCHLTD

66,145

25649/18005

         22904